Matt Calkins, co-founder and CEO of Appian, said that though giants like Microsoft, Amazon and Google are spending billions on the tech, ensuring success in AI is “not just about money.” Referring to deals and partnerships between tech giants and smaller AI firms, Calkins said, “If coalitions won the AI race, Google would have won by now.” “The fact that you’ve got enough money to buy, or buy a piece of, Anthropic or Mistral or any of that, that’s impressive — but AI may not be a ‘winner take all’ market,” he added.

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